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Cerebras Systems secures $1 billion in a Series H funding round led by Tiger Global. This round raised its valuation to approximately $23 billion.

PUBLIC · CBRSAug 14, 2026•about 17 hours ago

Amount Raised

$1 Billion

Round Type

Series G+

SunnyvaleHardwareSoftwareData And AnalyticsScience And EngineeringArtificial Intelligence

Investors

Tiger Global

Description

Cerebras Systems raised $1 billion in a Series H funding round led by Tiger Global in February 2026. This round pegged its post-money valuation at roughly $23 billion. The company went public on the Nasdaq under the ticker CBRS by June 2026, raising $6.4 billion. Citadel Advisors’ recent filings indicate a stake in Cerebras, reflecting shares acquired around the IPO window.

Company Information

Company

Cerebras Systems

Location

Sunnyvale, California, United States

About

Cerebras Systems is a team of pioneering computer architects, computer scientists, deep learning researchers, and subject matter experts of all types. We have come together to build a new class of computer system, designed for the singular purpose of accelerating AI and changing the future of AI work forever. Our Cerebras CS-2 system, powered by the world’s largest processor – the WSE-2, enables customers to accelerate their deep learning by orders of magnitude over general purpose compute.

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